Land is an essential natural resource having numerous competing alternative uses which necessitate definition of potential uses within the ambit of legal framework to enhance compatibility and sustainable development. Basically, the extent of compatibility of land uses on residential real estate in urban areas is a measure of the performance index of the property law and its regulatory structure. Therefore, this paper seeks to uncover the causes of inefficiencies of Nigeria planning laws to prohibit indiscriminate location of graves on residential properties. It explores the Nigerian Urban Regional Planning law with a focus on development control paradigm and its specific ability to prohibit graves on residential properties in Akure. Lastly it examines the effects of the emerging negative externality on property value and sustainable real estate development in the case study. The paper suggests a review of development control laws and re-engineering of its’ enforcement strategy with a particular focus on uniform interpretation of planning law on all residential land.
|Number of pages||8|
|Publication status||Published - 2012|
|Event||RICS COBRA 2012 - Las Vegas, United States|
Duration: 11 Sept 2012 → 13 Sept 2012
|Conference||RICS COBRA 2012|
|Period||11/09/12 → 13/09/12|